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Cemex finalises divestment of cement plant in Kentucky and related assets

March 17, 2020

Cemex has announced its US affiliate Kosmos Cement has closed its divestment of its Kentucky cement plant and related assets to Eagle Materials for approximately $665 million.

Cemex says the $499m proceeds it has obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

BofA Securities and Citigroup Global Markets acted as financial advisors for the deal.

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